The government is committed to ensuring quick access to quality healthcare for those who need it, and to giving every older person the dignity and security they deserve. Later in the autumn, the government will announce its ambitious plans for future capital spending, including through the publication of the National Infrastructure Strategy.Ī further forecast for Annually Managed Expenditure ( AME) will be made by the Office for Budget Responsibility ( OBR) at the Budget.
However, additional funding is confirmed to support the government’s commitments on healthcare, policing and prisons. This Spending Round largely leaves these capital budgets unchanged. Departments and the devolved administrations already have capital budgets for 2020-21, which were set at the Spending Review in 2015. This Spending Round focuses on day-to-day resource spending. 1.1 Departmental spending in 2020-21: choices and priorities This approach will be further developed at the Spending Review in 2020. The Spending Round marks a new focus on the outcomes the government will deliver. Every pound spent of taxpayers’ money should make a meaningful difference in people’s everyday lives. It is essential the increased spending announced in this Spending Round delivers the greatest benefit to the British people. But for the first time since Spending Review 2002, no department faces a cut to its day-to-day budget. As ever, prioritising means making choices. It targets additional money on the people’s priorities of healthcare, education and tackling crime. The Spending Round takes a responsible approach to increasing spending.
It remains important to have a fiscal anchor that ensures the public finances are sustainable and the government retains the capacity to respond to global economic challenges. The Spending Round has been delivered within the current fiscal rules: keeping the structural deficit below 2% of GDP in 2020-21 and debt falling as a percentage of GDP. Since 2010 the amount the government borrows each year has reduced and is now just 1.1% of gross domestic product ( GDP), enabling the government to spend more on the UK’s public services in a sustainable way. From 2019-20 to 2020-21, day-to-day departmental spending will now grow at 4.1% in real terms. This Spending Round delivers the fastest planned real growth in day-to-day departmental spending in 15 years.
#2019 government budget full#
A full multi-year spending review will follow in 2020. It also gives government departments and the devolved administrations the financial certainty needed to focus on delivering Brexit on 31 October. It funds the people’s priorities: high quality, readily-accessible healthcare schools and colleges that ensure every child receives a superb education reducing crime and making people safe. This Spending Round sets out the government’s spending plans for 2020-21. Presented to Parliament by the Chancellor of the Exchequer by Command of Her Majesty
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